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Phoenix Copper Reports 2024 Financial Results and Empire Mine Developments

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Phoenix Copper Reports 2024 Financial Results and Empire Mine Developments

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Phoenix Copper ( (GB:PXC) ) has provided an announcement.

Phoenix Copper Limited reported its audited financial results for 2024, highlighting an increased investment in the Empire Mine and a significant loss due to a bond issue expense write-down. The company announced an upgrade of the Empire Mine’s mineral resources to reserves, with a pre-feasibility study indicating substantial cash flow and competitive costs. The company is optimistic about future copper demand due to global trends and has secured a letter of intent for additional bond funding to advance the Empire Mine project.

More about Phoenix Copper

Phoenix Copper Limited is an emerging producer and exploration company focused on base and precious metals in the USA. The company is primarily involved in the development of the Empire Mine, with a focus on copper, gold, and silver, and is listed on AIM and OTCQX ADR.

YTD Price Performance: -11.43%

Average Trading Volume: 1,257,449

Technical Sentiment Signal: Sell

Current Market Cap: £9.36M

See more insights into PXC stock on TipRanks’ Stock Analysis page.

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